Banking

MARKET WEIGHT

UOB KAY HIAN RESEARCH (APRIL 15): As the five digital banks prepare to commence operations in the coming months, we anticipate a f...

Brokers Digest: Local Equities: Solarvest Holdings Bhd, Press Metal Aluminium Holdings Bhd, Lee Swee Kiat Group Bhd

MALAYSIA is “sticking” to plans to trim blanket petrol subsidies this year in favour of targeted aid to better cater for those who need the subsidies while bolstering investor confidence by reining in the government’s fiscal deficit, Economy Minister Rafizi Ramli is reported to have said.

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The State of the Nation: Ensuring higher oil price does not become a double whammy for Malaysia and the rakyat 

FROM confidence of an interest rate cut as early as March at the start of the year, market expectations on when the US Federal Reserve will begin trimming interest rates have changed so drastically that hardly anyone expects a rate cut when the Federal Open Market Committee (FOMC) next decides on...

The State of the Nation: Watching the ringgit as markets adjust to possible near-zero Fed cuts in 2024 

THERE is “no reason” Malaysia cannot “break through the middle-income trap and become a high-income economy by the end of the decade”, says Asean+3 Macroeconomic Research Office (Amro) chief economist Khor Hoe Ee.

“We are optimistic that as long as [Malaysia] maintains fiscal and moneta...

The State of the Nation: Malaysia’s marathon towards high-income status faces rising headwinds

THAILAND’S March 28 decision to legalise casinos housing large entertainment complexes naturally cast a spotlight on the Genting Group and its hilltop casino resort — Genting Highlands outside Kuala Lumpur — that opened its first hotel in 1971. The indoor and outdoor theme parks were added in the...

Spotlight on Genting as Thailand eyes tourism dollars with casinos

Notable filings

Notable filings of shareholding changes for the period week of March 25 to 29 include share purchases by several company leaders.

Yinson Holdings Bhd group exe­cutive chairman Lim Han Weng took over a controlling stake in offshore support vessel (OSV) provide...

Insider Moves: Icon Offshore Bhd, Berjaya Corp Bhd, NTPM Holdings Bhd, Ancom Nylex Bhd , Econpile Holdings Bhd, NCT Alliance Bhd

IN the week when it became clear that Malaysia will not implement the so-called “luxury tax” now known as the High Value Goods Tax (HVGT) on May 1, Economy Minister Rafizi Ramli gained ammunition to counter a renewed barrage of criticism on the Central Database Hub (Padu) — with registrations sur...

The State of the Nation: Is pick-up in Padu registrations enough?

PUTRAJAYA and Bank Negara Malaysia seem to be going on a verbal offensive against naysayers of the ringgit, which briefly slipped past 4.8 against the greenback before closing at a 26-year low of 4.79 about a month ago on Feb 20.

When releasing the central bank’s 2023 annual report, alo...

The State of the Nation: Structural reforms key to ensure enduring support for ‘undervalued’ ringgit

IT was no small feat for the Employees Provident Fund (EPF) as it declared its highest-ever total dividend payout of RM57.81 billion for 2023 with higher year-on-year dividends for both conventional savings and shariah savings for its 16.1 million members. Yet, the spotlight seems to have fallen ...

The State of the Nation: The ‘shariah surprise’ and gap in expectations despite EPF’s record dividend payout

KPJ Healthcare Bhd

Target price: RM1.86 OVERWEIGHT

Brokers Digest: Local Equities - KPJ Healthcare Bhd, IHH Healthcare Bhd, Dialog Group Bhd, PPB Group Bhd

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep an eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the US as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

Prime Minister Datuk Seri Anwar Ibrahim on Wednesday announced that civil servants will enjoy a salary hike of more than 13% starting December this year, among the highest increase in the nation’s history.

Anwar announces over 13% salary hike for civil servants

(May 1): Mirzan Mahathir, the son of former Malaysian prime minister Tun Dr Mahathir Mohamad, intends to invest US$100 million (RM477 million) in a cement factory in South Sudan.

If approvals are granted timeously, the plant should be operational in 24 months and will use limestone from...

Dr M’s son Mirzan planning US$100m Africa investment

Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services.

Microsoft to open first regional data centre in Thailand

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

A water supply company chief executive officer and a company owner have been remanded for three days starting Wednesday to facilitate an ongoing graft investigation into bribery and false claims.

CEO of water supply company, business owner remanded in graft probe 

HAVING identified artificial intelligence (AI) opportunities in Malaysia, SNS Network Technology Bhd now expects a meaningful contribution from its newly ventured data centre fit-out business segment.

Besides selling AI super servers, the ICT system and solutions provider is also involv...

SNS Network aims to tap country’s data centre boom through new venture

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

AirAsia believes it is capable of dealing with rising fuel prices and unfavourable currency movements, which continue to heighten global challenges.

AirAsia can handle volatile currency movements, oil prices — Tony Fernandes

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

The Philippines on Wednesday accused China's coast guard of elevating tensions in the South China Sea after two vessels suffered damage from water cannon use by Beijing, an official said.

Philippines says Chinese coast guard elevating tensions in South China Sea

IN the current oil and gas (O&amp;G) industry upcycle, cash-rich Deleum Bhd is embarking on multiple strategies that include mergers and acquisitions (M&amp;A), geographical expansion and investment in early stage companies to kick-start its future growth plan.

The oilfield services com...

Deleum plans tech and regional M&A for future growth

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Prime Minister Lee Hsien Loong called on Singaporeans to rally behind his successor as he prepares to step aside later this month after a two decades-long stint in power.

Lee asks Singapore to rally behind his successor in final address

Johor must push for a higher rate of automation, adoption of new technologies as well as higher wages across the board to capitalise on the Johor-Singapore Special Economic Zone (JS-SEZ), Deputy Investment, Trade and Industry Minister Liew Chin Tong said.

Johor corporates urged to boost automation, technology adoption and wages

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

PUTRAJAYA (May 1): Prime Minister Datuk Seri Anwar Ibrahim on Wednesday launched the national human resources policy framework, which addresses key aspects including equitable compensation and job welfare.

Minister of Human Resources Steven Sim Chee Keong stated that the framework, whic...

PM unveils framework for national HR policy 

Police apprehended 11 individuals suspected of being part of a fake job scam and non-existent investment syndicate during a raid on two residential units in the city at approximately 6pm on Monday.

Cindy Yeap

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Cindy Yeap

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